The global compression therapy market was valued at US$ 2,693.4 Mn in 2015 and is projected to reach US$ 4,245.4 Mn by 2023, expanding at a CAGR of 5.3% from 2016 to 2024.
Albany, NY -- (SBWIRE) -- 06/14/2016 -- Compression therapy is a medical procedure in which external pressure is applied to the skin and underlying structure (organ) to promote normal flow of venous blood in the body. Recognized as a gold standard for treating lymphedema, chronic venous insufficiency, and deep vein thrombosis, compression therapy is safe, easy-to-use and provides effective treatment in a short time span. The therapy aims to increase venous and lymphatic fluid in the limb through the utilization of an external force (exerted by compression products). This report studies the current scenario as well as future market potential for compression therapy across the globe. The research comprises an elaborate executive summary, which includes a market snapshot that provides market dynamics of various segments and sub-segments that are included in the report in a precise manner. The report provides in-depth analysis of the compression therapy market. The stakeholders for this report include companies involved in the manufacturing of compression pumps, bandages, tapes and stocking. The executive summary section further summarizes the market size, trends and competition in different regions.
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The market overview section of this report analyzes market dynamics such as drivers, restraints and opportunities that influence the compression therapy market in the current and future scenario. Market share analysis among the market players is analyzed to signify percentage share of the major players operating in the compression therapy market. All these factors will help the market players to decide about the business strategies and plans to be incurred in future for strengthening their position in the global market.
The compression therapy market has been segmented as technology, products and geography. Based on technology, the global compression therapy market has been segmented into static and dynamic technologies. Product for compression therapy include compression pump, compression bandage, compression stocking, and compression tape. Compression pump has been further segmented as intermittent and sequential compression pump whereas compression stocking is categorized into gradient and anti-embolism stockings.
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Geographically, the compression therapy market has been categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Moreover, analysis for the major countries comprising U.S. Canada, Germany, U.K., Japan, China, Brazil, Mexico, UAE and Saudi Arabia have also been provided in the report. A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the compression therapy market in various regions has been provided in this section.
The report provides market estimation of compression therapy market in terms of revenue (US$ Mn) for all the segments and sub segments with CAGR % for period 2016 to 2024, considering 2015 as the base year. Furthermore, the report incorporates market attractiveness analysis by geography category that depicts the most attractive region in the global market during the forecast period from 2016 to 2024.
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Recommendations section in the report would assist new companies in establishing their presence and market players in expanding their market share in the compression therapy market. The report concludes with the company profile section which includes company overview, financial overview, product portfolio, business strategies and recent developments for market players. The major players that are profiled in the report include 3M Health Care, ArjoHuntleigh, Bio Compression Systems, Inc., BSN Medical, Covidien plc, medi GmbH & Co KG, PAUL HARTMAN AG and SIGVARIS MANAGEMENT AG.
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